With greater availability of advanced imaging technology, hospitals and diagnostic imaging facilities are opting to purchase state-of-the-art technology in order to increase patient volume and drive incremental revenue from other departments. The increase in expenditures is driving the demand for downstream providers of equipment removal and relocation, repair and maintenance, technical training, and software upgrade services.
In an era of heightened competition, service organizations are opting to differentiate themselves from the competition by acquiring complementary businesses that enhance their service capabilities and develop entrenched relationships with customers. The transformation from a single-service, single-modality model to a multi-modality, multi-manufacturer model across the imaging spectrum has led to an uptick in acquisition activity, as buyers look for quality assets to expand their service offerings and enter new geographies.
